Ex-WPP China Executive Di Fei Gets Life Sentence in $176 Million Bribery Case
Updated
Updated · Bloomberg · Jun 24
Ex-WPP China Executive Di Fei Gets Life Sentence in $176 Million Bribery Case
1 articles · Updated · Bloomberg · Jun 24
Summary
A Chinese court sentenced former WPP China executive Di Fei to life in prison for taking 1.2 billion yuan, or about $176 million, in bribes.
Di, the former chief investment officer at GroupM China, was convicted in March of accepting kickbacks from broker firms in exchange for steering them part of WPP’s ad-placement business.
People familiar with the matter said he took the bribes with former colleagues, though details remain limited in a system where court documents and hearings are tightly controlled.
The case hits one of the world’s largest advertising groups and underscores the scale of corruption risks in China’s media-buying and brokerage business.